China to extend anti-dumping duties on PVC imports

28 September 2009 09:21[Source: ICIS news]

SINGAPORE (ICIS news)--China plans to extend the anti-dumping duties (ADDs) imposed on polyvinyl chloride (PVC) imports from Japan, Korea, Russia, Taiwan and the US for another five years from 29 September, the Ministry of Commerce said in a statement on Monday.

Chinese PVC producers had petitioned for an extension after the previous five-year ADDs expired in September 2008, the statement said.

After a year-long investigation, the ministry concluded that the Chinese PVC industry would be severely damaged without an ADD regime to limit the influx of competitively priced imports.

Imports from ?xml:namespace>Japan, Korea, Taiwan and the US constituted 63% of China's PVC imports, a total of 1.25m tonnes, in the first seven months of this year, according to data from China Customs.